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AAA manufacturing company had a balance of $100,000 in raw materials on the 1st of January. They purchased $800,000 of materials in the period. At
AAA manufacturing company had a balance of $100,000 in raw materials on the 1st of January. They purchased $800,000 of materials in the period. At the end of the year, they had $100,000 of raw materials. Added to that they had $2,000,000 of direct labor for this year. The labor rate is $20 per hour. The fixed manufacturing overhead is $100,000 and the variable overhead cost is $6 per direct labor hour. 1. Calculate the cost of goods manufactured
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